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[Tax Circle @tax_circle]

Attention taxpayers!
Income tax forms of ITR 1 and ITR 4 are out now to file through online mode and Excel Utility.

#tax #incometax2026 #taxation #income #itr

[Tax Circle @tax_circle]

Keep some alerts in your mind while doing high-value transactions🚨✅

#incometax #business #alerts #tax

[Tax Circle @tax_circle]

There is no changes in tax rate on Crypto gains. Flat 30% tax rate on Crypto gains with more strict rules

#tax #income #business #crypto2026

[Tax Circle @tax_circle]

Latest ITC rule changes (2026)
Claim ITC carefully-rules are stricter now!

#business #company #gst #itc #changes

[CA Nitin Chawla (A.C.A) @CANITINCHAWLA]

Big Breaking In ITR Under New Income Tax Act 2025.

Now Bank Balance Mandatory to disclose In ITR -4.

Follow the Tax Talk with CA Nitin Chawla A.C.C.A channel on WhatsApp:
👇👇👇👇 https://t.co/FTvTNcWYpc

#IncomeTax
#TaxUpdates
#NewITR
#ITR4
#BankBalance

[Taxology India @taxologyin]

Statutory Compliance Calendar (Due Dates) for the month of April 2026.

[FinTaxPro @fintaxpro_CA]

🚨 Important Update for Accountant & Tax Professionals 🚨

The New Income Tax Act, 2025 comes into effect from today, and along with it, the new TDS provisions are now practically applicable immediately.

⚠️ Action Required:
It is strongly recommended to:
✔️ Update your Tally settings as per new provisions
✔️ Stay fully updated with the latest TDS changes
✔️ Ensure compliance to avoid future notices or penalties

🎯 To help you stay ahead, the FinTaxPro TDS Course has been fully updated:
✔️ Covers all new TDS provisions under the Income Tax Act, 2025
✔️ Includes practical Tally working as per latest rules
✔️ Designed for real-world application and compliance

🔗 Check the updated course now:
https://t.co/9GAD01qEkl

📌 Note:
If you are already enrolled, make sure to log in and watch the updated videos at the earliest.

Download PDF - https://t.co/Pt8KSgdU0d

[ClearTax @_cleartax]

From 1st April 2026, new income tax rules will come into effect that can directly impact your finances 🗓️

It marks a shift in how your taxes will be calculated and reported.

Here are the major highlights you should care about 👇

[Aswathiguna @aswathiguna]

#tax

[Tax Circle @tax_circle]

ITR deadline update FY 2026-27: ITR-3 & ITR-4 extended to 31st August 2026.

#taxupdates #incometax #updates #FY2026

[Tax Circle @tax_circle]

CBDT has issued Draft Income Tax Rules and revised forms for 2026, aligned with the new Income-tax Act, 2025 effective 1 April 2026. The changes aim to simplify compliance. Tax professionals and businesses should review updates early
#incometaxindia #tax #CBDT #taxupdates

[CA AK Mittal @CAamanmittal]

We are officially in an era EVERY MONTH END due dates for Income Tax ;

31st July - Due date for ITR 1 & 2 & Q1 TDS Returns

31st Aug - Due date for Non Audited ITRs

30th Sept - Due date for Tax Audit

31st Oct - Due date for Audited ITRs & Q2 TDS Returns

30th Nov - Due date for Transfer pricing cases

31st Dec - Due date for Belated ITRs

31st Jan - Q3 TDS Return

28th Feb - Left for Budget Planning

31st March - Due date for Revised ITRs

30th April - Due date for Q4 TDS Payment.

31st May - Due date for Q4 TDS Return

30th June - I HOPE FOR A RELIEF

#Budget2026

[CA Akhil Pachori @akhilpachori]

#Budget2026 Highlights

- 🧾 New Income Tax Act, 2025 effective from 1 April 2026
- 🗂️ Simpler income tax forms to be notified soon

Revised ITR Filing Timelines

- 📄 ITR-1 & ITR-2: Due date 31 July
- 🏢 Non-audit business & trusts: Due date 31 August
- 🔁 Revised return filing allowed up to 31 March with nominal fee

Foreign Income & Asset Disclosure

- 🕕 One-time 6-month foreign asset disclosure scheme
- 👨‍🎓 Applicable to small taxpayers, students & NRIs
- 🛡️ Disclosure with immunity, subject to conditions

International Taxation & Incentives

- 🌐 Tax holiday till 2047 for foreign companies providing cloud services in India
- 📉 MAT exemption for non-residents opting for presumptive taxation

TCS Rationalisation

- 🧳 TCS on overseas tour packages reduced from 5%/20% to 2%, no limit
- 🏥 TCS on medical & education remittances reduced from 5% to 2%

TDS & Withholding Tax Changes

- 🧑‍💼 TDS on property purchase from NRIs using PAN instead of TAN
- 👷 Supply of manpower services under Section 194C

Exemptions & Relief Measures

- 🚗 MACT interest income exempt from tax for natural persons
- ❌ No TDS on MACT interest
- 🌾 Co-operative sector dividend income exempt, subject to conditions

Compliance Simplification

- ⏳ Safe harbour applications valid for 5 years
- 📘 Definition of “accountant” rationalised
- 🧾 Late Tax Audit Report submission treated as Late Fees

Capital Markets

- 📊 STT on Futures: 0.02% → 0.05%
- 📊 STT on Option Premiums: 0.10% → 0.15%
- 📊 STT on Option Exercise: 0.125% → 0.15%

Customs & Trade Facilitation

- 👟 Increased duty-free goods limit for inputs, leather & synthetic footwear

Penalty Provisions

- 🚨 Misreporting income attracts 100% penalty of tax amount
- 🛡️ Immunity schemes expanded to cover specified cases

[Ministry of Finance @FinMinIndia]

Several initiatives by the Government for large-scale enhancement of public infrastructure, the Government will continue to focus on developing infrastructure in cities with over 5 lakh population (Tier II and Tier III), which have expanded to become growth centres.

- FM Smt. @nsitharaman during Union Budget 2026-27
presentation in Parliament.

#ViksitBharatBudget

[Taxation Updates (CA Mayur J Sondagar) @TaxationUpdates]

Revised Return Timeline Extended

The time limit to file a Revised ITR is proposed to be extended from 9 months to 12 months.

Time limit extended for Filing Revised ITR and not for the Belated ITR, It means if you missed 31st December then only option is Updated ITR and Through Updated ITR you can't claim Refunds if any

This allows taxpayers to revise even belated returns filed at the end.

Applicable from AY 2026-27.

A fee is proposed beyond 9 months.

Fees after 9 month means?
If Filed Belated ITR in September and Filing Revised ITR in December then Late Fee will be Rs.1000 if Income upto Rs.5 Lakh else late fee will be Rs.5000
But
If Filed Belated ITR in September and Filing Revised ITR in January then Late Fee will be Rs.5000 irrespective of Income

If Original ITR Filed in July and Filing Revised ITR in January then also late fee applicable?

@IncomeTaxIndia

[Income Tax India @IncomeTaxIndia]

Budget 2026: Buyback Taxation Explained

[Income Tax India @IncomeTaxIndia]

KIND ATTENTION PLEASE:
➡️STT has been raised only on options and futures.
➡️The rate for futures now is 0.05 and for options is 0.15
➡️Total volume of transaction in options and futures is more than 500 times of Indian GDP
➡️In Rupee terms, our GDP is 300 lakh crore rupees.
➡️Volume for options and futures is more than 1.5 lakh lakh crore rupees.

Therefore there is justification for increase in rates to curb purely speculative activity in options and futures.

Other STT rates remain the same.

Here's the direct Link to FAQ document:https://t.co/NUGAuq2Mi6

For authentic and accurate information, always refer to official sources only.

[Tax Circle @tax_circle]

PM Modi unveils Startup Money Map 2026, unlocking crores for AI, education, and innovation through Unnati AI, Edu Challenger, Nidhi Prayas, N-STEP, and Seed Fund schemes 🚀

#StartupIndia #Innovation #AI #smartindia #pmmodi #makeinindia

[Dr. Rakesh Bansal @iamrakeshbansal]

ITR filed & verified on 30-Aug-2025, status shows "Verified successfully" but still stuck at processing even after 4+ months! 😔 Why such long delays for honest taxpayers? Government needs to honour and respect compliant citizens and be fair to them

Disclaimer:
समाज में सबसे
सुरक्षित आदमी वही है,
जिसके पास न विचार हैं,
न कोई सवाल...

@IncomeTaxIndia @nsitharaman
#ITRRefundDelay #IncomeTax #TaxpayerRights